[Search for users] [Overall Top Noters] [List of all Conferences] [Download this site]

Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

959.0. "Financial news report Dan Dorfman fired" by 2155::michaud (Jeff Michaud - ObjectBroker) Wed Jan 03 1996 21:12

	FWIW, I just heard today that Money Magazine, who had placed
	columnist Dan Doffman on unpaid leave, today or yesterday
	has officially been fired.

	I've never read his column, or seen him on TV, but NBR often
	quotes from Dan's columns which contains quotes from various
	stock analysts, mutual fund managers, etc.
T.RTitleUserPersonal
Name
DateLines
959.1SOLVIT::CHENThu Jan 04 1996 13:146
    Jeff, Did they say what the reason was? I have read his columns when I
    was getting Money. Just curious...
    
    Thanks,
    
    Mike
959.2REDZIN::COXThu Jan 04 1996 13:223
His boss wanted to know who one of his sources is.  Seems that the station is 
under SEC investigation; something about insider information.  Dorfman chose 
"the high ground".
959.32155::michaudJeff Michaud - ObjectBrokerThu Jan 04 1996 14:035
	FWIW, Dorfman himself said he hasn't traded stocks in several years.

	The reason for the investigation is that they believe Dorfman may
	of been manipulated (ie. fed certain maybe incorrect information)
	in order to influcence some stock price(s).
959.4PADC::KOLLINGKarenThu Jan 04 1996 14:416
    If I remember correctly, one of his sources was reportedly
    taking money to introduce various company officials to Dorfman,
    and the allegation is that Dorfman then wrote generally favorable
    reports about those companies.  It's apparently still murky as to
    whether there was any wrongdoing on Dorfman's part.